Qontigo

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Investor sentiment once again remains a steady ‘neutral’ for most of the world according to the latest sentiment scores analysis from Olivier d'Assier. And in view of the delays in a pivot to a more accommodative, if not stimulative, monetary policy by major Central Banks, as well as the added uncertainty from both the political and geopolitical sphere, he expects this to continue for some time. However, unlike in 2021 and 2022, investors seem to have learned to be patient with both the economy and central bankers. Read more here: https://hubs.la/Q02m_SJ60

#China Risk Climbing Higher Still; China Affecting EM Risk; US #Risk Spreads Widen. Read more: https://hubs.la/Q02mkqbd0

#Gilt yields tumble as #BoE gets “comfortable” with rate cuts; Strong #tech earnings boost European stocks and high yield bonds; Share prices decouple from FX and interest rates, reducing #portfoliorisk. Read more: https://hubs.la/Q02mjTG90

Sentiment stays unchanged as investors remain focused on the timing of eventual interest rate cuts. A red-hot inflation report this week is the only foreseeable risk to markets globally. Read the full a report: https://hubs.la/Q02mbMZ90

US market #volatility keeps falling despite market gyrations; US Small Cap’s specific risk soars, led by #SMCI; In a sharp reversal, predicted #risk climbs in the UK. Read more: https://hubs.la/Q02lKfDT0

Traders shave off another #Fed rate cut amid soaring consumer prices; UK #recession weighs on Gilt yields and the #pound; #PortfolioRisk steadies as weaker FX and rate fluctuations offset higher equity #volatility. Read more: https://hubs.la/Q02lJg2w0

US investors are now pricing in only a 10% probability of a rate cut at the March FOMC with an eye on the June meeting instead. One to watch is the current disconnect between the declining sentiment in the UK/Europe and rising markets, which seems odd. In our experience divergence between markets and sentiments is unsustainable over time and usually reverts towards each other. Have a look at the rest of our sentiment analysis here: https://hubs.la/Q02lvvwK0

Most factors are “behaving”, but not equally across regions; Trading volume reaches a 12-month high in the US, driven by #InfoTech; Where is the #Momentum? Read more: https://hubs.la/Q02kZNL70

Short #Treasury yields surge as Powell puts March rate-cut hopes to final rest; Stock-market record squeezes credit spreads to 21-month low; #PortfolioRisk drops further as #stocks and #bonds decouple. Read more: https://hubs.la/Q02kNKXJ0